NIC CARTER, a partner of Castle Island Ventures, said Memecoins’ time was “endlessly over,” after the recent $ 4 billion scandal related to Argentina Javier Milei.
Cryptographic entrepreneurs wrote on X on February 19, and claimed that the Libragate scandal revealed the true depth of the “damaged memed” sector.
source: Nic carter
Carter said it was very successful because Memo Coin could be sold as an alternative to high FDV VC support coins.
Memecoins’ premise was not more than gambling, but at least organically released, and retail participants could invest in the expectation that the casino was fair, Carter said.
However, the recent release of the recent memo, including the Libra, and other celebrities, Haliey Welch and other celebrities, were exposed to a series of “unfair and bot launches.” Said.
“Casino did not take some advantage. Preference to the house was similar to 90/10.”
Other industry experts do not agree, claiming that the actual usefulness of Memecoins is still under development.
The founder of the backpack supports Memecoins as a “stress test” for mass adoption.
Armani Ferrante, the founder of Backpack, said in an interview with CaultElewraph, and said that Memecoins’s actual usefulness is the ability to “stress” the future of the financial system.
“Crypto itself is a technology built for the purpose of dealing with trading in the context of finance, but the financial itself is a meaningless technology without the actual products and services tracked in the ledger.
“What is this really a memo? They are a tremendous stress test and concept proof of real finance. ”
Ferrante said that the next major innovation of technology, whether financing or consumer goods, often begins to “look like a toy.”
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“Memecoins is a toy, and later we will find what we all expect and dream. It is all values of the world in the global system that minimizes this trust we believe, and moves Onchain. The future of finance. ”
Coinbase CEO says the industry should maintain an “open mind”.
Coinbase CEO Brian Armstrong also came out to support Memecoins, and market participants said they should maintain an “open mind” for the future of Memo Coin.
source: Brian Armstrong
“As in the early days of the Internet with the animation GIF, the new technology often looks like a toy, but it evolves to much more powerful over time.”
“We must be open to where Memecoins are going, even if we are stupid, unpleasant or even fraudulent today. MEMECOINS will bring a chain that has been tokenized to the canary of coal mine. ”
Pump.fun steam defeat
The industry’s opinion on the future of Memecoins is rapidly different, but the number already shows cooling appetite for encryption subclasses.
Last month, according to the data from Adam_Tehc from Dune Analytics, the number of new tokens released in Solana -based Memecoin Deployer Pump.fun was reduced by 59%.
On January 23, 71,735 tokens were fired from the pump, but until February 19, the number was reduced to 28,898.
The number of new tokens deployed in the pump decreased by 59% last month. source: Sand Hill Analysis
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